The system will contribute to boosting investments and bring more informal businesses into the formal economy, which will complement the government’s efforts towards reducing tax evasion
The new unified electronic tax platform is set to launch in 10 areas within Cairo, enabling taxpayers to use e-tax services using a unified tax registration number
The latest allocated state budget is 6x higher than previously set aside in FY 2013/2014
According to Minister of Finance Mohamed Maait, Egypt agreed on a global minimum tax to keep multinational firms from dodging taxes by shifting their profits to countries with low rates
It has also extended the suspension of activation fees on electronic collection operations for e-commerce activity, including monthly fees and fees for obtaining additional services
